The tram was planned to relieve overcrowding on the London Underground, and to improve transport in areas currently without good public transport, such as the Aylesbury Estate in Southwark, to support regeneration. Trams would have run up to every 4 minutes on each branch, giving a 2-minute service through central London at peak times. Despite following the same route, it was not envisaged that the Cross River Tram line would use the former Kingsway tramway subway.
Cancellation
On 18 July 2007, Mayor of LondonKen Livingstone told the London Assembly that he had asked TfL to consider splitting the implementation by building the southern section in advance of the northern section; it was not, however, clear where such a split would be. In May 2008, Livingstone's successor as mayor, Boris Johnson, announced that he intended to review the project in light of the lack of central government funding for the planned route. On 6 November 2008, Transport for London announced that the Cross River Tram would not be built. In a statement, it said: "Given the lack of funding available to implement the project and the likelihood of not securing additional third party funding, TfL is not in a position to develop the scheme any further." The £1.3bn project was cancelled in 2008 as art of a move to save £2.4bn of transport-related funds. Official announcements from TfL in 2009 stated that the project was "on hold", and that TfL would be explore alternative schemes, including increased capacity on Underground lines. In June 2016, Caroline Russell, a Green Party member of the London Assembly, asked new mayor of London Sadiq Khan to review the business case for a tram service via Waterloo Bridge and Elephant & Castle. Khan subsequently stated that he had no plans to revive the cancelled tram scheme, and expressed the view that improved Tube services and the extension of the London Overground through south London suburbs, along with the proposed re-opening of Camberwell railway station, would meet the transport needs along the corridor that would have been served by the Cross River Tram.
Proposed route
In late 2006 and early 2007 TfL consulted residents on their views of the following route options:
Waterloo – St George's Circus – Elephant & Castle – Heygate Street – Thurlow Street – – Peckham
Euston to King's Cross
Euston – – King's Cross On 11 September 2007, TfL published the results of their 2007 consultation:
Euston to King's Cross – the majority of respondents preferred the route via Somers Town, except Somers Town's residents who preferred the Crowndale Road route
Euston to Camden Town – the majority of respondents preferred the route via Camden High Street
Waterloo to Oval – the majority of respondents preferred the route via Elephant & Castle
Oval to Brixton – most respondents preferred the route via Brixton Road
In Brixton town centre – the majority of respondents preferred the route via Effra Road
Waterloo to Peckham – the majority of respondents preferred the route via Burgess Park
In Peckham town centre – the majority of respondents preferred the route via Jocelyn Street and north of Peckham Library and Cerise Road as the terminus